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EIOPA publishes peer review report on freedom of services

On 13 May 2016, EIOPA published a final report on its peer review on freedom to provide services (FOS) in the European insurance market. The report (based on a reference period of 1 January 2011 to 31 December 2013) sets out key conclusions based on national supervisors' practices. Recommended actions/improvements were identified in areas including: (a) data storage and record keeping; (b) exchange of information between home and host supervisors; (c) the identification of FOS risks by the home supervisor; and (d) complaints handling. The recommendations may be actioned through amendments to the Siena Protocol.

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